Our exclusive Property Investment Profile reports keep property owners apprised of current property values based on real time MLS market data. We frequently hear appreciative comments from homeowners who receive these reports via email…
“Just a note to thank you for the excellent service you provide with this e-mail. I find it very helpful and interesting to be able to track real estate activity in my area with so little effort on my part! You may not remember me, but we met while you were canvassing my area near Cooper Mountain. I don’t have any plans to buy or sell very soon, but, with the retirement of my usual realtor, you’ve moved to the top of my list of realtors should I need such a service.”
Here’s one from a gentleman at first hesitant to give out his email address:
“Thank you for including me on your Property Investment Profile report mailing list. I get a lot of useless Real Estate information coming from well intentioned marketers, but your report is the best and most useful I have seen. When it arrives, I always take some time to look through it and educate myself as to our current neighborhood market.
When you first contacted me, I hesitated to give you my e-mail address because I expected another duplication of what the competition is already doing. However, your report is unique in its timeliness and format. Best of all, it is easy to navigate and does not require a direct inquiry to the Realtor to find out the information most needed. This program distinguishes you and your firm, and presents a very professional appearance in terms of your marketplace presence. And, exploring the attachment information is very helpful for our situation. Whoever wrote the program has developed a very useful tool. Keep up the good work.”
Long-term mortgages rates moved lower again this week, hitting the lowest level in five weeks.
Freddie Mac’s weekly report says the average 30-year fixed-rate mortgage was 4.91 percent in the week ending Nov. 12, down from 4.98 percent last week. Rates on 30-year mortgages have been below 5 percent for five of the last seven weeks.
A year ago, 30-year mortgages were averaging 6.14 percent.
A 15-year fixed-rate mortgage averaged 4.36 percent this week, remaining below one-year adjustable rate mortgages, which now average 4.46 percent.
“Mortgage rates eased further over the week, helping to promote an affordable home-purchase market and stimulate refinance,” said Freddie Mac (NYSE: FRE) chief economist Frank Nothaft. “This comes at a time when house price declines are moderating and consumer demand for prime mortgages at commercial banks has picked up.”
The National Association of Realtors this week said third quarter housing prices were down an average of 11.2 percent from a year ago, but 20 percent of the top metropolitan ares saw positive annual growth.
Sales continue to rise, with third quarter existing home sales up 11 percent from a year ago.